EconPapers    
Economics at your fingertips  
 

Growth with Resilience in East Asia and the 2008–2009 Global Recession

Lino Briguglio and Stephen Piccinino
Additional contact information
Stephen Piccinino: Asian Development Bank, http://www.adb.org/publications/asian-development-review-volume-29-number-2?ref=data/publications

Asian Development Review, 2012, vol. 29, issue 2, 183-206

Abstract: This paper assesses why the 2008–2009 global economic recession impacted East Asia less than it did the United States (US) and the European Union(EU). The paper utilizes a “growth-with-resilience” (GWR) index aimed at measuring the extent to which a country can absorb or counteract external shocks and at the same time promote economic growth. The main findings show higher GWR index scores for East Asia compared to those for the EU and the US, which may explain why the global recession had a milder impact on the region. The study also shows East Asia as being very heterogeneous, with major differences in the countries’ economic, political, and social realities, more so than in the US and EU. Therefore, the overall picture for the region may not apply to individual economies.

JEL-codes: O10 O11 O12 O23 O53 O57 (search for similar items in EconPapers)
Date: 2012
References: Add references at CitEc
Citations: View citations in EconPapers (2) Track citations by RSS feed

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ris:adbadr:2749

Access Statistics for this article

Asian Development Review is currently edited by Shang-Jin Wei

More articles in Asian Development Review from Asian Development Bank Contact information at EDIRC.
Bibliographic data for series maintained by Maria Susan M. Torres ().

 
Page updated 2020-06-10
Handle: RePEc:ris:adbadr:2749